Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    31 Main St North Kingstown, RI 02852-5111
    Back to Search
    Property profile & analytics

    31 Main St North Kingstown, RI 02852-5111

    View on Map
    • Showrooms
    • 2,651 SF
    • 0.22 lot acres
    Off-Market
    Last Sale Nov 14, 2022
    Property ID
    US76-0105241
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Maria Bonita Mexican Grill / Restaurant
    • The-Sew-Op / (Bike/Boat/Book/etc) Store
    • Maguire Protective Services / Security Service

    Property Details for 31 Main St

    Year built
    1885
    Lot size
    0.22 lot acres
    Property size
    2,651 SF
    Zone code
    WVCH
    Property type
    Showrooms
    APN
    NKIN M:117 B:151
    APU
    NKINM117B151

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    North Kingstown
    County
    Washington
    State
    Rhode Island
    Longitude
    -71.4532
    Latitude
    41.5717
    CBSA code
    39300
    CBSA name
    PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $8,809
    $250,100
    $291,000
    $541,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,170,000
      7,396 SF

      7570 Post Rd

      SHOW ROOM, WAREHOUSE • 7,396 SF
      7570 Post Rd, North Kingstown, RI 02852-3901
      View Details
    • Value Estimation
      $15,255,000
      125,393 SF

      1255 10th Rod Rd

      SHOW ROOM, WAREHOUSE • 125,393 SF
      1255 10th Rod Rd, North Kingstown, RI 02852-4118
      View Details
    • Value Estimation by Request
      26,114 SF

      3665 Quaker Ln

      SHOW ROOM, WAREHOUSE • 26,114 SF
      3665 Quaker Ln, North Kingstown, RI 02852-3009
      View Details
    • Value Estimation
      $970,000
      7,090 SF

      6171 Post Rd

      SHOW ROOM, WAREHOUSE • 7,090 SF
      6171 Post Rd, North Kingstown, RI 02852-1837
      View Details
    • Value Estimation
      $2,405,000
      10,800 SF

      7691 Post Rd

      SHOW ROOM, WAREHOUSE • 10,800 SF
      7691 Post Rd, North Kingstown, RI 02852-3220
      View Details
    • Value Estimation
      $595,000
      2,940 SF

      7330 Post Rd

      SHOW ROOM, WAREHOUSE • 2,940 SF
      7330 Post Rd, North Kingstown, RI 02852-3213
      View Details

    Similar Nearby for Sale

    • $850,000

      Quonset Point Commercial Condominium

      Multi-purpose commercial/industrial condominium in Quonset Point Business Park.
      315 Commerce Park Rd, North Kingstown, RI 02852
      View Details
    • $2,995,000
      1.60 Acres

      North Kingstown Commercial Property For Sale

      Family-owned business and real estate on 1.6 acres available.
      6595 Post Rd, North Kingstown, RI 02852
      View Details
    • $875,000
      4,788 SF

      Prime North Kingstown Storefront

      Retail redevelopment opportunity, 4,788 SF.
      6840 Post Rd, North Kingstown, RI 02852
      View Details
    • Contact for pricing
      Pending

      Prime Retail Opportunity, North Kingstown

      Highly visible retail sites available on Post Road.
      7595 Post Rd, North Kingstown, RI 02852
      View Details
    • Contact for pricing
      7,330 SF

      North Kingstown Retail Building For Rent

      Freestanding, newly renovated retail building with garage near Quonset Business Park.
      6854 Post Rd, N Kingstown, RI 02852
      View Details
    • $2,995,000
      4,200 SF

      North Kingstown Retail Opportunity

      Well-maintained property with business, inventory, and real estate included.
      6595 Post Rd, North Kingstown, RI 02852
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      800 SF

      Retail Strip Neighborhood Center Space

      Retail space in renovated neighborhood center with excellent tenant mix.
      7610 Post Rd, N Kingstown, RI 02852
      View Details
    • Contact for pricing
      3,665 SF

      Retail Space Near Business Park

      Retail space available near Quonset Business Park.
      118 Gate Rd, North Kingstown, RI 02852
      View Details
    • Contact for pricing
      11,000 SF

      Retail Space with High Traffic

      Retail space with prominent frontage and ample parking available for rent.
      104 Gate Rd, North Kingstown, RI 02852
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in North Kingstown, RI.
      6653 Post Rd, North Kingstown, RI 02852
      View Details
    • Contact for pricing

      Retail Space in Active Center

      Vibrant shopping center with highway access and storefront parking.
      1051 Ten Rod Rd, North Kingstown, RI 02852
      View Details
    • Contact for pricing
      11,463 SF

      Walmart Anchored Retail Space

      Retail space in Walmart-anchored shopping center with high visibility.
      1007 Ten Rod Rd, North Kingstown, RI 02852
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    31 Main St
    North Kingstown, RI 02852-5111
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    31 Main St, North Kingstown, RI, 02852
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!